CEAT Q1 net profit at Rs602mn
Mumbai Jul 24, 2009 15:43
CEAT reported an EBITDA of 16.8%
RPG Group’s flagship company CEAT Ltd. has reported a net profit of Rs602mn for the first quarter of the financial year 2009-10. The company’s net sales are Rs6.74bn in Q1 of the current fiscal year.The company registered an outstanding operating PBT to net sales ratio of 13.5% in the first quarter, the highest in the industry for this quarter. CEAT reported an EBITDA of 16.8%, again being the industry best for this quarter.
Paras K. Chowdhary, MD, CEAT Ltd. said, “CEAT has profitability based business model which is reflected in our Q1 results. We have improved our operational efficiencies, product mix and aggressively increased our replacement market